# TeraWulf Inc. (WULF)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $10.08B  
**Price:** $25.35 (+9.31%)

> TeraWulf Inc. is a technology company specializing in digital asset mining and high-performance computing infrastructure. It owns and operates fully integrated, environmentally sustainable bitcoin mining facilities across the United States, powered exclusively by clean energy sources such as nuclear, hydro, and solar. In addition to its core bitcoin mining operations, TeraWulf develops and provides next-generation data center solutions tailored for high-performance computing, including AI workloads, through strategic partnerships and joint ventures like its collaboration with Fluidstack for AI compute capacity. The company designs, builds, and manages state-of-the-art infrastructure that combines advanced computing with sustainable energy practices, serving sectors including cryptocurrency mining and emerging AI applications. TeraWulf Inc. plays a significant role in the digital infrastructure market by offering power-advantaged, zero-carbon facilities that support the growing demand for efficient, scalable computing resources. Founded in 2021 and headquartered in Easton, Maryland, it focuses on delivering reliable, eco-friendly solutions for compute-intensive industries.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $168M | $66M | -$186M | -$661M | — |
| 2024 | $140M | $70M | -$76M | -$72M | — |
| 2023 | $69M | $37M | -$29M | -$73M | — |
| 2022 | $15M | $4M | -$44M | -$91M | — |
| 2020 | $13M | $4M | -$2M | -$439,320 | — |
| 2019 | $18M | $5M | -$956,676 | -$813,558 | — |
| 2018 | $18M | $6M | $225,819 | $139,465 | — |
| 2017 | $17M | $6M | -$464,609 | -$226,147 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $6.56B | $6.42B | $140M | $3.27B | $3.10B |
| 2024 | $788M | $543M | $244M | $274M | — |
| 2023 | $378M | $156M | $222M | $54M | $124M |
| 2022 | $318M | $200M | $118M | $1M | $125M |
| 2020 | $15M | $4M | $12M | $4M | — |
| 2019 | $17M | $5M | $12M | $963,649 | $3M |
| 2018 | $17M | $4M | $13M | $2M | $3M |
| 2017 | $17M | $4M | $13M | $929,700 | $3M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$123M | $1.06B | -$1.18B |
| 2024 | -$24M | $268M | -$292M |
| 2023 | $4M | $75M | -$71M |
| 2022 | -$34M | $61M | -$95M |
| 2020 | -$398,828 | $149,916 | -$548,744 |
| 2019 | -$477,031 | $478,353 | -$955,384 |
| 2018 | $1M | $543,145 | $681,620 |
| 2017 | $204,689 | $230,089 | -$25,400 |
| 2016 | $916,947 | $2M | -$1M |
| 2011 | $793,532 | $621,598 | $171,934 |
| 2010 | $2M | $189,150 | $1M |

Source: [CompaniesByCap](https://companiesbycap.com/company/WULF)